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BUSINESS
May 22, 2010 | By Jessica Guynn, Los Angeles Times
Facing growing protests over its handling of users' personal information, Facebook plans to make changes to the privacy settings available on the world's largest social networking website. But the steps, to be unveiled as early as next week, may not go as far as critics would like. Lawmakers, regulators, privacy watchdogs and some Facebook users have unleashed a storm of criticism of the Internet company since it launched a program that shares user data with three third-party websites.
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BUSINESS
February 24, 2010 | By Jessica Guynn
In a battle to woo back Web surfers who are spending more time on social networking sites, Internet portal Yahoo has clinched a deal with Twitter to share content across both properties. Yahoo reached a similar agreement with Facebook in December, making it easier for users to share Facebook status updates and other information. Twitter offers millions of messages posted every minute. "The information in one single tweet can travel light years farther with this Yahoo integration," Twitter co-founder Biz Stone said in a statement.
BUSINESS
June 20, 2012 | By Jessica Guynn and Michelle Maltais, Los Angeles Times
SAN FRANCISCO - It's every parent's worst nightmare: Three adults pretending to be teenagers contacted kids on the mobile social networking app Skout and sexually assaulted them in three separate incidents, police say. Skout Inc. shut down its forum for 13- to-17-year-olds last week and assigned a team of security specialists to determine whether it can make the app safe for teens. If not, the San Francisco company plans to close that forum for good. The alleged assaults on two girls, ages 12 and 15, and on a 13-year-old boy underscore how tough it can be to keep kids safe on a new generation of mobile apps.
BUSINESS
April 10, 2012 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO - In its biggest acquisition, Facebook is paying $1 billion for the hugely popular Instagram mobile photo-sharing app maker in a move that broadens its business and absorbs a potential rival. The tiny San Francisco startup has just 13 employees and no significant revenue. But its acquisition helps ensure that Facebook - on the verge of staging the most hotly anticipated initial public stock offering in years - will be on the forefront of how people share photos with friends on their smartphones.
BUSINESS
July 1, 2012 | By Jessica Guynn, Los Angeles Times
The gig: June was a busy month for David Sacks, chief executive of Yammer, which helps companies create private social networks where employees can chat, share documents and work together on projects. First, Sacks rented the Fleur de Lys mansion in Los Angeles and threw himself a lavish "Let him eat cake" Marie Antoinette-themed costume party for his 40th birthday with hundreds of friends including Snoop Dogg. Then just this past week he sold his 4-year-old San Francisco start-up to Microsoft for $1.2 billion in an all-cash deal.
BUSINESS
February 1, 2012 | Nathaniel Popper and Jessica Guynn, Los Angeles Times
Facebook has filed papers for what's expected to be the largest initial public offering ever to come out of Silicon Valley and one of the largest in U.S. history. Ending months of breathless speculation, the 8-year-old social networking company has submitted registration documents with the U.S. Securities and Exchange Commission that set a preliminary goal of raising $5 billion. Facebook is expected to be valued at $75 billion to $100 billion. Final pricing will not be set for months, and the size of the IPO probably will increase with investor demand.
BUSINESS
July 26, 2010 | By Cyndia Zwahlen
Back in 1912, when the Venice Beach Suites & Hotel was built on Ocean Front Walk, the only tweeting going on was among the local bird population. Today, owner Andy Layman is listening to the online chorus at Twitter and other social networking websites, hoping to join in. Learning to hit the right notes to attract new guests and boost revenue at his boardwalk property is a daunting prospect. "I haven't really gotten a handle on it," said Layman, 62. Yet, done right, he believes social media would be an inexpensive way to find more of the type of traveler who already raves online about his eclectic, 25-room location.
BUSINESS
May 13, 2011 | By David Sarno, Los Angeles Times
Facebook Inc.'s efforts to portray itself as a trustworthy guardian of the Internet's town square are being undermined — once again — by accusations that the social network launched a covert smear campaign against rival Google Inc. The world's largest online network acknowledged Thursday that it had paid a high-powered public relations firm to push news organizations to report that a new Google feature was putting users' personal data in...
BUSINESS
March 7, 2012 | By Jessica Guynn, Los Angeles Times
Israeli President Shimon Peres praised Facebook Inc. as a vehicle for social change during a visit to the social networking company's Menlo Park, Calif., campus. Peres, 88, came to Facebook on Tuesday to launch his official personal page on the site that he hopes will open a dialogue with Arabs throughout the world and to meet with Facebook founder and Chief Executive Mark Zuckerberg. "The matter of peace is no longer the business of governments but the business of people," Peres told Facebook's chief operating officer, Sheryl Sandberg, in an interview streamed live on Facebook.
BUSINESS
June 4, 2011 | By Bridget Carey
Entrepreneur Mykalai Kontilai's August purchase of the long-running public TV show "Nightly Business Report" came as a surprise. The San Diego-based Kontilai's background as a celebrity martial artists' manager and distributor of instructional television shows made him an unlikely buyer. And in the nine months since he bought the show from WPBT-PBS2 in Miami, Kontilai has revealed few details regarding plans for the 30-year-old weeknight business wrap-up show. But in a recent interview at the show's North Miami studio, Kontilai — who owns the show with partner Gary L. Ferrell under the corporate name of NBR Worldwide — spoke more about expanding the show's brand and audience.
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